18
Dec
Wrap – Week Ended 12/16/22
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Another messy week for the broad markets and commodities but the ZLT managed a 2.8% gain on the week. More details in Monday's The Week That Was and The Five Things sections.
Holdings Watch:
- We added to one LNG segment name multiple times.
- The blotter is updated.
Need a last minute unique gift? How about a Z4 Energy Research Stocking Stuffer? Four weeks for $50. Contact zman@zmansenergybrain.com
Questions and comments under The Wrap will be addressed in the Monday post.
Have a good weekend,
Z
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Email I received from PG&E
“Colder than normal temperatures, higher demand for natural gas and tighter supply are driving up gas prices on the West Coast this winter. Customers using more gas to heat their homes will see higher heating bills. Electricity bills may also rise as power plants use higher priced natural gas to generate electricity to meet demand.
On average, PG&E combined gas and electric residential customers may see a bill increase of about 18% (or $47) per month this winter compared to last winter.*
We do not control market prices for gas and electricity and do not markup the cost of gas and electricity that we purchase on behalf of our customers. We are working to keep bills as low as possible today, and to stabilize bills for the long term.
For example, we are buying gas at times of the year when prices are lowest and storing it for use later. We’re also cutting our operating and maintenance costs, taking actions such as undergrounding power lines to reduce recurring maintenance costs, and selling our San Francisco Office to return $400M to customers over five years.”
December 18th, 2022 at 3:15 pmre 1 – thanks for the color.
December 18th, 2022 at 6:32 pm